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About WageSlaveBear

Over the last six months we have made about five offers on different places of £135,000 (two up two down Maidstone West) and been flatly turned down. And been
cruelly mocked by estate agents into the bargain!
Two houses no longer on market, but rest sold at asking price.
Since February I see the same 50 terrace houses under £140,000 that missed the gravy train on rightmove. Every so often
undergoing a little sporadic painful correction, but still there.
I am spending £50 a week on petrol commuting to Maidstone, but reckon that's less than the downward drift in house prices in our range.

Not sure why bubble applied to house prices is contentious, but I think the moment a bubble collapses is a fairly sharp turning point in sentiment.
That moment just before a tipping point is reached in general awareness in society.
Bit like the off topic thread on how brain activity shows preparation to move about 0.5 secs before you consciously decide to move.
The time taken to process that offloading of property is not so important.
That's just the balloon endlessly wailing round the room until final collapse.
Already been burst and that was the instantaneous bit.

I thought the nature of a bubble is that the final process is instantaneous.
I see a stagnant moribond Market waiting stubbornly for prices to rise up to sellers expectations.The belief that the government would attempt to keep house prices deliberately high for the foreseeable future has just gone pop.
That was it, the turning point.
If there is not an immediate stream of smarter BTL properties up for sale and a downward surge on asking price from keener sellers, just before the flood of all the rest, then logic no longer applies.

Ooops
Finger trouble
Jan-Mar 2012
Flats Terraced Semi Detached
(0 sales) (6 sales) (4 sales) (4 sales)
£0 £184,333 £117,500 £310,000
Anyway very little moving in Maidstone so far this year. Completely messes up usual proportions between house types when there are so few sales.
But I note that the flat line didn't. (sorry for that)
So much for all the hype.

wow! Love it, believe me I think I've looked round so many house like this.
I would happily pay to see them all written up as eloquently as this! .
but do you think the writer had just got the sack?
I can't see
"Hope may then resurface upon viewing the lounge, a reception room with a high ceiling, but will require any purchaser to acquire step ladders to eradicate those pesky spider webs, something that is clearly beyond the present owner. "
getting past a vendor..

I have to get to work in Maidstone, but the further west you go the more expensive the houses.
There some amazing properties in Ramsgate,
http://www.rightmove.co.uk/property-for-sale/property-21253659.html
Ok this is big money, but I suspect it would be twice that anywhere else